> Dalton Caldwell, YC’s Managing Director, Architect, and long-term Group Partner, who first suggested that now was the right time to make this change, also pointed out that if founders stay lean, this is more than enough capital to survive for years, regardless of the economic environment.
I'm all for being scrappy, but unless the definition of "years" is precisely 24 months, this isn't much money split between 3 or 4 people, unless they're all living in Kansas City or something.
It's my belief that anyone talented enough to start a startup in earnest and be worth investing in has job opportunities worth enough these days that this is almost a ridiculous claim (narrowly escaping being such by use of the term "survive", apparently in earnest).
I am reminded of the jwz nscpdorm disclaimer.
Of course founders earn less in salary than they would get as wages as non-founders, but to think that this is a lot of money to a 3 or 4 person founding team "regardless of the economic environment" in the middle of the highest inflation of my entire life is a little... misleading?
I'm all for being scrappy, but unless the definition of "years" is precisely 24 months, this isn't much money split between 3 or 4 people, unless they're all living in Kansas City or something.
It's my belief that anyone talented enough to start a startup in earnest and be worth investing in has job opportunities worth enough these days that this is almost a ridiculous claim (narrowly escaping being such by use of the term "survive", apparently in earnest).
I am reminded of the jwz nscpdorm disclaimer.
Of course founders earn less in salary than they would get as wages as non-founders, but to think that this is a lot of money to a 3 or 4 person founding team "regardless of the economic environment" in the middle of the highest inflation of my entire life is a little... misleading?